Sold
Last Sold Price
8 beds3,365 sqft
1547 Hillcrest Road, Cleveland, OH 44118
Multi FamilyProperty Type
0.11 acresLot Size
1919Year Built
$45/sq ftPrice per sq ft

Description

Investors' dream right on the border of Cleveland Heights! This spacious triplex boasts 8 bedrooms and 3 full bathrooms across three units, perfect for maximizing rental income. With a location near local amenities, public transit and not far from downtown, this property offers a lucrative opportunity for investors looking to expand their portfolio in a thriving rental market. Second floor currently renting below market for $700/mo on a month-to-month lease. First floor owner occupied. Exterior recently...Investors' dream right on the border of Cleveland Heights! This spacious triplex boasts 8 bedrooms and 3 full bathrooms across three units, perfect for maximizing rental income. With a location near local amenities, public transit and not far from downtown, this property offers a lucrative opportunity for investors looking to expand their portfolio in a thriving rental market. Second floor currently renting below market for $700/mo on a month-to-month lease. First floor owner occupied. Exterior recently painted. Don't miss out on this investment with potential for strong returns! Buyer to assume POS.
  • Listed by: Angela R Thompson 216.513.8798 realtorangelathompson@gmail.com • HomeSmart Real Estate Momentum LLC
Listing closed: 10/17/2024 12:00 AM • Source: MLS Now, MLS#: 5053153

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Location

Listing Courtesy of HomeSmart Real Estate Momentum LLC

Sold By Plum Tree Realty, LLC

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Payment Calculator

$885 per month

30 year fixed, 7.03% Interest

Principal and Interest

$801

Property Taxes

$84

HOA Dues

$0

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Property Information for 1547 Hillcrest Road

Property Details
  • Taxes: $1,006 / year
  • MLS Type: Residential Income / Triplex
  • Subdivision Name: Coventry Mayfield
  • Has Waterfront: No
Building Information
  • Stories: 3
  • Year Built: 1919
  • Lot Size: 0.11 AC / 5,000 SF
Summary
Location and General Information
  • Directions: Superior to Hillcrest
  • Latitude: 41.515735
  • Longitude: -81.575481
  • Township: East Cleveland
Taxes and HOA
  • Parcel Number: 672-27-041
  • Tax Annual Amount: $1,005.76
  • Tax Legal Description: 6 COV MAYF &S/L209 SP0208 NP
  • Tax Year: 2023
School Information
  • Elementary School District: East Cleveland CSD - 1812
  • High School District: East Cleveland CSD - 1812
  • Middle or Junior School District: East Cleveland CSD - 1812
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Driveway, On Street
Property
Lot Information
  • Lot Size Acres: 0.1148
  • Lot Size Area: 0.1148
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 3365.0
  • Above Grade Finished Area Source: Assessor
  • Living Area: 3365.0
  • Living Area Units: Square Feet
  • Year Built: 1919
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Wood Siding
  • Levels: Three Or More
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 3
  • Total Bedrooms: 8
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air
  • Has Heating: Yes
  • Main Level Bathrooms: 0
  • Total Rooms: 15
Exterior Features
  • Private Pool: No
  • Roof: Asphalt, Shingle
  • Stories: 3
Unit Information
Unit 1
  • Area: 673.0
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Leased: No
  • Occupant Type: Vacant
  • Type: Two Bedroom
Unit 2
  • Actual Rent: $700.00
  • Area: 1346.0
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Description: tenant occupied; lease is month to month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Three Bedroom
Unit 3
  • Area: 1346.0
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Description: owner occupied
  • Leased: No
  • Occupant Type: Vacant
  • Type: Three Bedroom
Rental
Rent Information
  • Tenant Pays: Electricity, Gas

Property History for 1547 Hillcrest Road

DateEvent & SourcePriceAppreciation
Oct 17, 2024

Sold

MLS Now #5053153

$150,000—
Oct 14, 2024

Sold (Public Record)

Public Record #1543401547

$150,000

+19.8% / yr

Aug 29, 2024

Contract Signed

MLS Now #5053153

—
DateEvent & SourcePrice
10/17/2024

Sold

MLS Now #5053153

$150,000
10/14/2024

Sold (Public Record)

Public Record #1543401547

$150,000

+19.8% / yr

08/29/2024

Contract Signed

MLS Now #5053153

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1547 Hillcrest Road

Taxable ValueLand$5,705Additions$26,985Total$32,690
Tax Record2025$2,121 ($177 / month)
Home Facts
Baths3Total Finished SqFt3,365 SqFtAbove Grade Finished SqFt3,365 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1919Year Renovated1962ZoningU1CountyCUYAHOGAAPN672-27-041

Schools near 1547 Hillcrest Road

This home is within East Cleveland City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 7
Public - 9 to 12
Public - 6 to 8
Public - 3 to 5
Rating
School
Distance
Shaw High School
Public9 to 12

Heritage Middle School
Public6 to 8

Mayfair Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of HomeSmart Real Estate Momentum LLC

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